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Article: Zions Bancorporation Announces Pricing of $450 Million 7.75% Senior Notes Due 2014.
- Article from:
- Science Letter
- Article date:
- October 6, 2009
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Zions Bancorporation ("Zions" or the "Company") (NASDAQ:ZION) announced that it successfully priced its offering of $450,000,000 fixed-rate senior unsecured notes to mature in 2014 with a coupon of 7.75% (the "Notes") in an underwritten public transaction (an increase in principal amount from what was originally anticipated). The Notes were sold at a price of 86.888. The completion of this offering further augments the Company's liquidity position in what remains an uncertain economic environment. Deutsche Bank Securities and Goldman, Sachs & Co. served as the lead joint book running managers and Banc of America Securities LLC, J.P. Morgan Securities Inc. and Zions ...